Your Renewal Date
The effective date of coverage does not move with the broker. Your plan year and renewal date come from the carrier contract.
The renewal date stays where it is.
Your plan year and renewal date come from the carrier contract. A broker change does not move them.
What it can change is how the renewal is handled: earlier analysis, a market review, and a clearer explanation of the increase.
How the Calendar Interacts With a Switch.
Your plan year and renewal date come from the carrier contract, not the broker. A switch does not move them. What changes is who prepares the renewal.
If renewal is close, an immediate change lets the new broker start. If it is far away, many employers choose a date a few months ahead.
Either way, mark the renewal date and the dates for compliance notices on a single calendar.
A few more questions.
Can the new broker start renewal work right away?
Yes. Once appointed, the new broker can begin the renewal analysis with the carrier.
Can I time the change to renewal?
Yes. The effective date of the change can be immediate or set to renewal.
Can we align the switch with our fiscal year?
The carrier contract sets the plan year. Your fiscal year does not change it.
What if renewal is 30 days away?
Tell the new broker at once so they can prioritize.
Does the carrier change the renewal date?
Not because of a broker change.
Related guides.
How to Switch Benefits Brokers in Michigan
Signs it is time, the six steps, and timing.
Start Early
A review that begins several months ahead leaves time to market the plan, compare proposals and make an unhurried decision.
Do Not Wait for the Final Rate
Once a renewal is presented, the window to question it and to market the group can be short. Early reviews keep options open.
Agent of Record vs Broker of Record
Are the two terms the same? Yes.
Send us your renewal.
We’ll tell you whether it looks competitive, where we see opportunity, and the five questions we’d put to your carrier. No cost, and no obligation to move anything.
The renewal letter
Your current plan summary
Contribution split by tier
Enrolled counts by tier
Four documents — two more if your group is 50 or more. Nothing else; every extra one is a reason to postpone.
An independent employee benefits consulting firm. We look at the entire benefits program: cost, plan performance, risk and administration.
Switch to CFH. Unhappy with your broker? Your employees won’t notice. You will. →